Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change.

Check out the transcript for this week's episode, now with links.

Recorded on March 6th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow the show on X: @Macro_Musings

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

Join the Macro Musings mailing list!

Check out our Macro Musings merch!

Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:01:35) – Trend Toward a Demand-Driven Ceiling System

(00:07:32) – Will the Fed Follow Suit?

(00:13:11) – Bank of England's New Policy Implementation Framework

(00:21:33) – Bill's Suggestions for the Fed's Implementation Framework

(00:39:18) – Responding to Lorie's Case for the Floor System

(00:59:11) – Outro

Episoder(543)

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

Michael D. Bordo is a professor of economics and the director of the Center for Monetary and Financial History at Rutgers University, a Distinguished Visiting Fellow at the Hoover Institution, and a r...

12 Sep 20161h 2min

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

Peter Ireland is the Murray and Monti Professor of Economics at Boston College, a research associate at the National Bureau of Economic Research, and a member of the Shadow Open Market Committee. He j...

5 Sep 20161h 1min

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

Hugh Rockoff is a professor of economics at Rutgers University and has done extensive work in U.S. monetary history. He joins the show to discuss the criteria for an ideal monetary union and argues th...

29 Aug 20161h

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Douglas Irwin, professor of economics at Dartmouth College and author of Free Trade Under Fire (Princeton University Press, 2015), joins the show to discuss the economic arguments for free trade and t...

22 Aug 201657min

19 - Nick Rowe on Monetary Basics, Milton Friedman's Thermostat, and More

19 - Nick Rowe on Monetary Basics, Milton Friedman's Thermostat, and More

Nick Rowe is a professor of economics at Carleton University in Ottawa, a member of the CD Howe Institute's Monetary Policy Council and of Carlton University's Centre for Monetary and Financial Econom...

15 Aug 201659min

18 - Jason Taylor on the Great Depression, World War II, and "The Big Push"

18 - Jason Taylor on the Great Depression, World War II, and "The Big Push"

Jason Taylor, professor of economics at Central Michigan University and editor-in-chief of "Essays in Economic & Business History," is an expert in U.S. economic history, particularly during the Great...

8 Aug 201658min

17 - Brad DeLong on Hamiltonian Political Economy and American Economic History

17 - Brad DeLong on Hamiltonian Political Economy and American Economic History

J. Bradford DeLong – professor of economics at UC-Berkeley, research associate at the National Bureau of Economic Research, and a deputy assistant secretary of the U.S. Treasury during Bill Clinton's ...

1 Aug 201646min

16 - David Andolfatto on Life at the Fed, Equity-Based Finance, and the Blockchain

16 - David Andolfatto on Life at the Fed, Equity-Based Finance, and the Blockchain

David Andolfatto is a vice president of the St. Louis Federal Reserve Bank and a professor of economics at Simon Fraser University. He joins the show to discuss life at the St. Louis Fed, equity-based...

25 Jul 201659min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
e24-podden
rss-borsmorgen-okonominyhetene
rss-penger-polser-og-politikk
pengepodden-2
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
utbytte
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
okonomiamatorene
liberal-halvtime
pengesnakk
rss-politisk-preik
lederpodden
rss-pa-konto
rss-markedspuls-2